What is a Cryptocurrency?
A cryptocurrency is a digital currency secured by cryptography. Cryptocurrencies are decentralised networks based on blockchain technology. The currency requires a key and if lost is almost impossible to open. The cryptocurrency is difficult to counterfeit, duplicate or double-spend.
Businesses can raise capital for their companies using some form of cryptocurrency. The process is:
- Create an NFT that is a token.
- Decide what asset/product/service will be associated with the NFT
- Put the NFT up for sale.